Triumph Group Inc (TGI) Receives $32.80 Consensus Price Target from Analysts
Triumph Group Inc (NYSE:TGI) has been given an average rating of “Hold” by the fourteen ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $32.80.
TGI has been the subject of several analyst reports. Royal Bank of Canada set a $39.00 price target on shares of Triumph Group and gave the stock a “buy” rating in a report on Wednesday, November 15th. TheStreet cut shares of Triumph Group from a “c-” rating to a “d+” rating in a report on Wednesday, December 27th. Zacks Investment Research raised shares of Triumph Group from a “sell” rating to a “hold” rating and set a $32.00 price target for the company in a report on Saturday, January 20th. Canaccord Genuity reissued a “hold” rating and set a $36.00 price target (up from $30.00) on shares of Triumph Group in a report on Thursday, November 9th. Finally, Cowen reissued a “hold” rating and set a $30.00 price target on shares of Triumph Group in a report on Thursday, November 9th.
A number of institutional investors have recently modified their holdings of the business. Sei Investments Co. increased its holdings in Triumph Group by 35.6% in the third quarter. Sei Investments Co. now owns 7,160 shares of the aerospace company’s stock valued at $214,000 after buying an additional 1,881 shares in the last quarter. Aperio Group LLC increased its holdings in Triumph Group by 10.6% in the fourth quarter. Aperio Group LLC now owns 20,372 shares of the aerospace company’s stock valued at $554,000 after buying an additional 1,949 shares in the last quarter. TD Asset Management Inc. increased its holdings in Triumph Group by 10.1% in the third quarter. TD Asset Management Inc. now owns 22,900 shares of the aerospace company’s stock valued at $681,000 after buying an additional 2,100 shares in the last quarter. American International Group Inc. increased its holdings in Triumph Group by 5.7% in the third quarter. American International Group Inc. now owns 38,773 shares of the aerospace company’s stock valued at $1,153,000 after buying an additional 2,102 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Triumph Group by 2.8% in the third quarter. Rhumbline Advisers now owns 104,649 shares of the aerospace company’s stock valued at $3,113,000 after buying an additional 2,814 shares in the last quarter.
Triumph Group (NYSE:TGI) last announced its earnings results on Thursday, February 1st. The aerospace company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.11. Triumph Group had a negative net margin of 7.68% and a positive return on equity of 27.59%. The business had revenue of $775.25 million during the quarter, compared to the consensus estimate of $769.08 million. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. sell-side analysts forecast that Triumph Group will post 2.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.59%. Triumph Group’s dividend payout ratio (DPR) is presently -3.19%.
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Triumph Group Company Profile
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.
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